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Could REX’s massive office/condo/hotel/art center finally be alive? We heard from Joshua Prince-Ramus that a “big announcement” about the project was coming, and now word arrives that Kentucky Governor Steve Beshear, Louisville Mayor Jerry Abramson and the project’s developers have called a press conference for 10:00 AM tomorrow. Has financing been secured? Is the project being scrapped? We’ll know more tomorrow morning.

Hats off to Braden Klayko, the brains behind Broken Sidewalk and an AN contributor, who even when he isn’t blogging is still most in-the-know person about architecture, planning, and development in Louisville. Thanks for the tip.

UPDATE: Another tipster says the developers have secured a HUD loan for the project. Will the program be altered to meet the terms of the loan?